Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
The Pentagon is setting new requirements for the TransDigm Group after the Defense Department inspector general found the company was reaping excessive profits.
Harris and L3 Technologies said their planned merger will close June 29.
The Justice Department said it is requiring Harris to divest its night vision business for its merger with L3 Technologies to proceed.
Parsons is focusing its capital on finding potential acquisitions in cybersecurity, intelligence, space, defense and critical infrastructure, according to its chief executive.
Acorn Growth Companies, a private-equity firm exclusively focused on aerospace, defense and intelligence companies, is preparing to make about six more investments this year, according to its managing partner.
Boeing said it is moving the headquarters of its space and launch division from Arlington, VA, to Titusville, FL, on Florida's Space Coast.
VT Systems said it will change its legal company name from Vision Technologies Systems to ST Engineering North America, effective June 30.
The National Defense Industrial Association said it "strongly opposes" an amendment in the House version of the fiscal year 2020 defense authorization bill that would require companies to disclose cost or pricing data for contract proposals under $2 million.
Cubic said this week its board of directors has approved the appointment of David Melcher as lead independent director.
The Senate will debate the fiscal year 2020 defense authorization bill this week, while the Pentagon gets a new acting defense secretary.
The House and Senate Armed Services committees have approved legislation that would require a review of the Pentagon's use of fixed-price contracts.
House and Senate lawmakers are moving legislation to authorize increased funding for the Defense Department’s nascent experiments with fifth-generation wireless technologies, including a Senate bill that would set up Nellis Air Force Base as a key 5G testbed for the military.